The jackpot for the Powerball draw on Mon Jun 16, 2025, is projected to be $90 Million, with an option for a cash payout of $40.7 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Dakota residents, the state will deduct 2.9% from your lottery earnings.
| North Dakota Powerball Jackpot/Cash Option for Mon Jun 16, 2025 |
|---|
| Draw Date | Mon Jun 16, 2025 | | Projected Jackpot | $90,000,000 | | Cash Value | $40,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $40,700,000 | | Federal Tax(24%) | $9,768,000 | | Additional Federal Tax | $5,251,330 | | State Tax(2.9%) | $1,180,300 | | Net Lumpsum Payment | $24,500,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,354,590 |
$461,529
$39,283 |
$853,778 |
| 2 |
$1,422,360 |
$486,604
$41,248 |
$894,508 |
| 3 |
$1,493,460 |
$512,911
$43,310 |
$937,239 |
| 4 |
$1,568,160 |
$540,550
$45,477 |
$982,133 |
| 5 |
$1,646,550 |
$569,554
$47,750 |
$1,029,246 |
| 6 |
$1,728,900 |
$600,023
$50,138 |
$1,078,739 |
| 7 |
$1,815,300 |
$631,991
$52,644 |
$1,130,665 |
| 8 |
$1,906,110 |
$665,591
$55,277 |
$1,185,242 |
| 9 |
$2,001,420 |
$700,856
$58,041 |
$1,242,523 |
| 10 |
$2,101,500 |
$737,885
$60,944 |
$1,302,671 |
| 11 |
$2,206,530 |
$776,746
$63,989 |
$1,365,795 |
| 12 |
$2,316,870 |
$817,572
$67,189 |
$1,432,109 |
| 13 |
$2,432,700 |
$860,429
$70,548 |
$1,501,723 |
| 14 |
$2,554,380 |
$905,451
$74,077 |
$1,574,852 |
| 15 |
$2,682,090 |
$952,704
$77,781 |
$1,651,605 |
| 16 |
$2,816,190 |
$1,002,321
$81,670 |
$1,732,199 |
| 17 |
$2,956,950 |
$1,054,402
$85,752 |
$1,816,796 |
| 18 |
$3,104,820 |
$1,109,114
$90,040 |
$1,905,666 |
| 19 |
$3,260,070 |
$1,166,556
$94,542 |
$1,998,972 |
| 20 |
$3,423,060 |
$1,226,863
$99,269 |
$2,096,928 |
| 21 |
$3,594,240 |
$1,290,199
$104,233 |
$2,199,808 |
| 22 |
$3,773,970 |
$1,356,699
$109,445 |
$2,307,826 |
| 23 |
$3,962,610 |
$1,426,496
$114,916 |
$2,421,198 |
| 24 |
$4,160,790 |
$1,499,823
$120,663 |
$2,540,304 |
| 25 |
$4,368,780 |
$1,576,779
$126,695 |
$2,665,306 |
| 26 |
$4,587,300 |
$1,657,631
$133,032 |
$2,796,637 |
| 27 |
$4,816,620 |
$1,742,480
$139,682 |
$2,934,458 |
| 28 |
$5,057,460 |
$1,831,591
$146,666 |
$3,079,203 |
| 29 |
$5,310,360 |
$1,925,164
$154,000 |
$3,231,196 |
| 30 |
$5,575,860 |
$2,023,399
$161,700 |
$3,390,761 |
|
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